Sri Lanka Consolidated Acts

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Students (Higher Education) Loan Fund Act (No. 4 of 1972) - Sect 15

Moneys from Loan Fund

15.
(1) The Deputy Secretary to the Treasury may from time to time lend such sums of money as he deems necessary from the Loan Fund to any specified bank.
(2) In respect of any moneys lent to any specified bank under sub-section (1), such bank shall pay interest to the Deputy Secretary to the Treasury to be credited to the Loan Fund at such rate as may be fixed by the Minister of Finance.

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